Starting Dynare (version 5.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file ...
Substitution of endo lags >= 2: added 1 auxiliary variables and equations.
Found 25 equation(s).
Evaluating expressions...done
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 1).
Processing outputs ...
done
Preprocessing completed.


STEADY-STATE RESULTS:

rho               		 -0.131461
Drhot             		 2.16101
Gamma             		 -0.647673
y                 		 0.00422782
c                 		 -0.542875
k                 		 2.18049
x                 		 -1.50839
l                 		 -1.1676
lambda            		 1.08575
nu                		 1.08575
r                 		 -3.44048
w                 		 0.52665
mu                		 0.214398
q                 		 -0.00702461
S                 		 0
Sp                		 0
g                 		 -1.6
dy                		 0
z_a               		 0
z_g               		 0
pi                		 0.0140492
i                 		 0.0210738
psi_1             		 0.0670676
psi_2             		 0.865004

EIGENVALUES:
         Modulus             Real        Imaginary

               0                0                0
          0.7607           0.7607                0
          0.7652           0.7652                0
          0.9148           0.9148                0
            0.95             0.95                0
          0.9568           0.9568                0
           1.066            1.066                0
           1.173            1.173                0
           1.285            1.285                0
             1.5              1.5                0
           23.73            23.73                0
       7.851e+16       -7.851e+16                0
       1.242e+17        1.242e+17                0
       2.363e+18        2.363e+18                0
             Inf              Inf                0


There are 9 eigenvalue(s) larger than 1 in modulus 
for 9 forward-looking variable(s)

The rank condition is verified.

Total computing time : 0h00m01s
